Three years after Neiman Marcus disclosed that it had become the victim of a hack attack in 2013, exposing the credit card information of more than 350,000 customers, the upscale retailer has reached a $1.6 million settlement in the subsequent class action lawsuit. [More]
Payment Security
Neiman Marcus Agrees To Pay $1.6M To Settle 2013 Data Breach Class Action Lawsuit
By 3.20.17 — Updated: 5.10.17
MasterCard Starts “Selfie” Verification, Working On Heartbeat Approvals
By 2.23.16
Last October, MasterCard revealed that it was testing new ID-verification solutions that used, among other things, facial recognition, to quickly and securely identify cardholders when shopping on their mobile devices. Now the company says the so-called “selfie pay” system is ready for the masses, and that it is working on a way to authenticate users via their heartbeats. [More]
MasterCard, Visa Form Industry Group To Address Payment Security Issues
By 3.7.14
In the wake of numerous high-profile data breaches and growing concerns about identity theft, credit card competitors Visa and MasterCard are teaming up to launch a cross-industry effort aimed at improving payment security for consumers. [More]
